A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand.

US zinc hybrid cathode battery storage manufacturer Eos Energy Enterprises has agreed a financing package with private equity firm Cerberus, comprised of separate loan and revolver facilities totalling US$315 million.

Developer Plus Power’s recent financing for BESS projects in Arizona and Texas shows it “driving energy storage into the mainstream of capital markets”, executive chairman Brandon Keefe told Energy-Storage.news.

Zinc-based battery energy storage system provider Eos Energy Enterprises has secured a US$85 million loan facility with Atlas Credit Partners (ACP).

The Asian Development Bank (ADB) has approved a US$40 million loan to support a 41MW hybrid distributed renewable energy system combining wind, solar, battery storage and a thermal heat pump in Mongolia.

A company offering solar-plus-storage systems for the residential market has introduced a set of controls that allow consumers to adapt to utility rates and legislative changes with the flick of a switch.